Chicago Partners Investment Group LLC acquired a new position in Invesco Ltd. (NYSE:IVZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,315 shares of the asset manager's stock, valued at approximately $296,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in Invesco by 484.9% during the third quarter. Avior Wealth Management LLC now owns 1,550 shares of the asset manager's stock worth $27,000 after acquiring an additional 1,285 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Invesco in the third quarter valued at approximately $35,000. Allworth Financial LP grew its holdings in Invesco by 304.0% in the third quarter. Allworth Financial LP now owns 2,400 shares of the asset manager's stock valued at $42,000 after purchasing an additional 1,806 shares during the period. Crews Bank & Trust acquired a new stake in Invesco in the fourth quarter valued at approximately $44,000. Finally, Truvestments Capital LLC acquired a new stake in Invesco in the third quarter valued at approximately $76,000. 66.09% of the stock is owned by institutional investors and hedge funds.
Invesco Trading Down 1.4 %
Invesco stock traded down $0.28 during trading on Friday, reaching $18.90. 3,547,188 shares of the company were exchanged, compared to its average volume of 4,779,575. Invesco Ltd. has a 52-week low of $14.16 and a 52-week high of $19.55. The company has a market capitalization of $8.49 billion, a P/E ratio of 16.01, a PEG ratio of 1.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.91 and a quick ratio of 4.91. The stock's 50 day simple moving average is $17.79 and its two-hundred day simple moving average is $17.40.
Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Invesco had a return on equity of 8.18% and a net margin of 12.77%. On average, equities research analysts expect that Invesco Ltd. will post 1.85 earnings per share for the current fiscal year.
Invesco Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th will be given a $0.205 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 dividend on an annualized basis and a yield of 4.34%. Invesco's dividend payout ratio is currently 69.49%.
Analyst Ratings Changes
IVZ has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Invesco from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Argus raised their price objective on Invesco from $20.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. BMO Capital Markets raised their price objective on Invesco from $19.00 to $21.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $20.00 price target (up from $18.00) on shares of Invesco in a research note on Wednesday, January 29th. Finally, Evercore ISI lifted their price target on Invesco from $19.00 to $20.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.94.
Check Out Our Latest Stock Report on Invesco
About Invesco
(
Free Report)
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.
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